10,980 Shares in Welltower Inc. $WELL Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in shares of Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,980 shares of the real estate investment trust’s stock, valued at approximately $2,528,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC grew its stake in Welltower by 3.3% in the 2nd quarter. Revolve Wealth Partners LLC now owns 1,392 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 45 shares during the period. Cornerstone Financial Management LLC lifted its holdings in Welltower by 3.5% during the second quarter. Cornerstone Financial Management LLC now owns 1,318 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 45 shares in the last quarter. Heritage Family Offices LLP grew its position in shares of Welltower by 4.9% in the third quarter. Heritage Family Offices LLP now owns 997 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 47 shares during the period. Family Wealth Partners LLC grew its position in shares of Welltower by 1.3% in the second quarter. Family Wealth Partners LLC now owns 3,678 shares of the real estate investment trust’s stock valued at $835,000 after purchasing an additional 48 shares during the period. Finally, Natural Investments LLC grew its position in shares of Welltower by 3.0% in the second quarter. Natural Investments LLC now owns 1,673 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Welltower from $245.00 to $265.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Mizuho raised their price target on shares of Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. UBS Group lifted their price objective on Welltower from $269.00 to $289.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada lifted their price objective on Welltower from $260.00 to $266.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Robert W. Baird boosted their price objective on Welltower from $226.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $263.10.

Welltower Stock Down 0.2%

NYSE WELL opened at $247.12 on Thursday. The business has a fifty day moving average price of $234.37 and a 200 day moving average price of $220.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.16 and a current ratio of 3.16. The company has a market cap of $181.29 billion, a P/E ratio of 106.98, a P/E/G ratio of 1.18 and a beta of 0.79. Welltower Inc. has a one year low of $181.47 and a one year high of $255.20.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The firm’s quarterly revenue was up 38.4% on a year-over-year basis. Research analysts anticipate that Welltower Inc. will post 6.50 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 10th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is currently 147.19%.

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at $7,261,800. The trade was a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. Corporate insiders own 0.37% of the company’s stock.

Latest Welltower News

Here’s some of the latest news about WELL:

• Positive Sentiment: UBS raised its price target to $289 from $269 and maintained a Buy rating, implying about 16.9% upside from the cited share price. UBS price target article
• Positive Sentiment: JPMorgan lifted its target to $273 from $260 and assigned an Overweight rating, indicating continued confidence in Welltower’s prospects. JPMorgan price target article
• Positive Sentiment: RBC raised its target to $266 from $260 and maintained an Outperform rating. RBC price target article

About Welltower

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.